Victoria Economic Development Corporation (VEDC), formed in 1982, is a private/public economic development organization created to serve the City of Victoria, Victoria County, and the surrounding geographical region impacting Victoria's economy.

The key objectives of Victoria Economic Development Corporation:

• To recruit new businesses, both international and domestic, in order to create jobs and increase the tax base.
• To retain and expand existing business by assisting them to increase profitability through exports, strategic alliances, new project development and workforce development improvements.

VEDC accomplishes these objectives by:

• Working on job creation in the Victoria area with a comprehensive plan in place.
• Initiating contact with companies within targeted industries.
• Responding to industrial and manufacturing inquiries about the Victoria market.
• Marketing Victoria to prospective companies via brochures, statistical data, and project specific proposals.
• Maintaining a statistical database on Victoria and the area to meet the needs of prospective companies.
• Working with high schools and colleges in the Victoria area to have in place a variety of job-training programs. Customized job-training programs can also be activated if a prospective company requests such a service.

VEDC's private sector funding is derived from businesses and individuals committed to supporting Victoria's growth. Contractual agreements are in place with the city of Victoria, Victoria County, and the Victoria County Navigation District to provide economic development services. This private/public partnership strengthens Victoria's competitive position.